Oriental Insurance Co. Ltd., Sambalpur v. Makardwaja Sahu
Case brief
What is this about?
High Court of Orissa at Cuttack; MACA No.165 of 2024; Oriental Insurance Co. Ltd., Sambalpur (insurer-appellant) vs Makardwaja Sahu & Others (claimants); quantum challenge to motor accident compensation; Second Motor Accident Claims Tribunal, Northern Division, Sambalpur; MAC Case No.23 of 2022; judgment dated 06.12.2023; award Rs.18,50,310/- against claim Rs.20,00,000/-; 4th National Lok Adalat compromise settlement; reduced compensation Rs.15,75,000/-; interest @6% per annum from date of application; deposit within eight (8) weeks; default interest @7% per annum; disbursement on proper identification; refund of statutory deposit; MACA disposed.
What did the court decide?
By way of Lok Adalat compromise, appellant-Insurance Company directed to pay/deposit Rs.15,75,000/- with interest @6% per annum from the date of application till payment, deposited before the Tribunal within eight weeks for disbursement to claimants per order dt. 06.12.2023 on proper identification; on default, interest @7% per annum applies from expiry of the eight-week period till payment; statutory deposit refundable only after such deposit.